Klaviyo (NYSE:KVYO) Stock Price Down 6.5% – Here’s What Happened

Klaviyo, Inc. (NYSE:KVYO)’s stock price was down 6.5% during mid-day trading on Wednesday . The company traded as low as $16.38 and last traded at $16.3560. 532,374 shares traded hands during trading, a decline of 90% from the average daily volume of 5,345,796 shares. The stock had previously closed at $17.50.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Klaviyo in a report on Wednesday, May 20th. Barclays lowered their price target on shares of Klaviyo from $31.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Cantor Fitzgerald reduced their price objective on shares of Klaviyo from $35.00 to $28.00 and set an “overweight” rating for the company in a research note on Wednesday, April 15th. Wells Fargo & Company reduced their price objective on shares of Klaviyo from $30.00 to $26.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Finally, Morgan Stanley set a $34.00 target price on shares of Klaviyo in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Klaviyo has a consensus rating of “Moderate Buy” and a consensus price target of $30.81.

Klaviyo Trading Down 3.1%

The firm has a 50 day moving average of $15.51 and a 200-day moving average of $18.60. The company has a market cap of $4.70 billion, a P/E ratio of -392.53 and a beta of 0.63.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.03. Klaviyo had a positive return on equity of 4.16% and a negative net margin of 0.66%.The business had revenue of $358.01 million during the quarter, compared to the consensus estimate of $348.57 million. During the same period in the prior year, the company posted $0.14 EPS. The firm’s revenue for the quarter was up 27.9% compared to the same quarter last year. Equities analysts predict that Klaviyo, Inc. will post 0.25 EPS for the current fiscal year.

Insider Transactions at Klaviyo

In related news, Director Ledger Susan St. sold 9,334 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $14.27, for a total transaction of $133,196.18. Following the completion of the transaction, the director directly owned 10,939 shares of the company’s stock, valued at approximately $156,099.53. This trade represents a 46.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Bialecki sold 212,529 shares of Klaviyo stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $14.61, for a total transaction of $3,105,048.69. Following the completion of the sale, the chief executive officer owned 212,529 shares in the company, valued at approximately $3,105,048.69. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 649,863 shares of company stock valued at $9,521,105. 37.42% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd increased its holdings in shares of Klaviyo by 1,650.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 963 shares of the company’s stock worth $27,000 after purchasing an additional 908 shares during the last quarter. Optiver Holding B.V. bought a new position in Klaviyo during the first quarter valued at approximately $39,000. Quarry LP bought a new position in Klaviyo during the third quarter valued at approximately $44,000. Osaic Holdings Inc. grew its holdings in Klaviyo by 317.0% during the 2nd quarter. Osaic Holdings Inc. now owns 1,689 shares of the company’s stock valued at $55,000 after buying an additional 1,284 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Klaviyo by 2,085.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,802 shares of the company’s stock valued at $74,000 after buying an additional 3,628 shares in the last quarter. Institutional investors own 45.43% of the company’s stock.

Klaviyo Company Profile

Klaviyo, Inc is a cloud-based marketing automation platform that enables businesses to leverage customer data for targeted email and SMS campaigns. The company’s platform centralizes first-party data from various sources—including e-commerce storefronts, websites, and CRM systems—to help organizations deliver personalized marketing across the customer lifecycle. Klaviyo’s core offerings include segmented email marketing, automated messaging workflows, and performance analytics designed to drive customer engagement and revenue growth.

The platform provides a suite of tools for campaign creation and management, including drag-and-drop email and SMS builders, dynamic content rendering, and A/B testing capabilities.